IDEAS home Printed from https://ideas.repec.org/a/zib/zbfabm/v5y2024i2p131-134.html
   My bibliography  Save this article

Evaluating The Impact And Efficiency Of Agricultural Insurance In Nepal

Author

Listed:
  • Ishwor Shrestha

    (Agriculture and Forestry University, Rampur, Chitwan, Nepal)

Abstract

Agriculture in Nepal is increasingly vulnerable to climatic hazards, making the adoption of agriculture insurance a crucial strategy for safeguarding farmers’ livelihoods. The government provides an 80% subsidy on insurance premiums to encourage farmers’ participation in insurance activities. Despite the formal initiation of agricultural insurance in 2013, crop insurance adoption remains low compared to livestock insurance due to complex procedures and the need for field monitoring to assess insured amounts in damaged crops. The Nepal Insurance Authority plays a pivotal role in expanding the reach of agriculture insurance by encouraging non-life insurance companies to establish branches in all districts, fostering greater farmer engagement. Agriculture insurance not only enhances food security but also supports the economic development of the country by bridging the gap between risk management and sustainable agribusiness practices. This review article underscores the significance of agriculture and livestock insurance, outlines the Agriculture Insurance Operation Framework, discusses the current status, adoption, and challenges associated with the development of agricultural insurance in Nepal.

Suggested Citation

  • Ishwor Shrestha, 2024. "Evaluating The Impact And Efficiency Of Agricultural Insurance In Nepal," Food & Agribusiness Management (FABM), Zibeline International Publishing, vol. 5(2), pages 131-134, January.
    • Handle: RePEc:zib:zbfabm:v:5:y:2024:i:2:p:131-134
    DOI: 10.26480/fabm.02.2024.131.134
    as

    Download full text from publisher

    File URL: https://fabm.org.my/archive/2fabm2024/2fabm2024-131-134.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.26480/fabm.02.2024.131.134?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zib:zbfabm:v:5:y:2024:i:2:p:131-134. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Zibeline International Publishing The email address of this maintainer does not seem to be valid anymore. Please ask Zibeline International Publishing to update the entry or send us the correct address (email available below). General contact details of provider: https://fabm.org.my/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.